Bethesda, Maryland, United States and Rio Branco, Acre, Brazil (January 28, 2014) – CarbonCo, LLC, a subsidiary of the Carbonfund.org Foundation, a leading climate solutions organization, is proud to announce the Purus Project, a Reducing Emissions from Deforestation and Degradation (REDD+) forest conservation project, has officially issued serialized, verified emission reductions (carbon offset credits).
The Purus Project is one of only ten forest carbon initiatives in the world to achieve dual Verified Carbon Standard (VCS) and Climate, Community and Biodiversity Standard (CCBS) with Gold Distinction. This significant achievement means that the Purus Project successfully demonstrated a net positive impact on climate, community and biodiversity. Verification is the only way for projects to issue offsets onto an environmental registry.
"Achieving dual VCS-CCBS verification is a major milestone," says Eric Carlson, CEO CarbonCo, LLC. "The Purus Project is a wonderful example of how REDD+ projects protect forests while fighting climate change and improving human well-being in developing countries. It is also a haven for endangered species."
The Purus Project is the first private REDD+ project developed in Acre and is aligned with the State's System of Incentives for Environmental Services. Up to 34,702 hectares (85,714 acres) of privately-owned tropical rainforest within the Amazon Basin will be protected. This important project also preserves endangered species and a wide range of ecosystem services, provides direct benefits to local communities, and mitigates the release of nearly 900,000 metric tonnes of carbon dioxide emissions in its first 10 years.
CarbonCo, LLC provided financing and project development services for the Purus Project, while partnering with Carbon Securities and the local landowners' organization known as Moura e Rosa Empreendimentos Imobiliários LTDA.
"The carbon offset credits the Purus Project issues help our local communities while slowing global warming," said Normando Sales and Wanderley Rosa, Managing Directors of Moura & Rosa, "We are delighted to be part of a productive, efficient and cost-effective mechanism to reduce carbon dioxide emissions and mass deforestation."
The Purus Project mitigates deforestation through numerous locally-run activities including agricultural extension training, patrols of potential deforestation sites, through the planned building of better houses and by installing solar photovoltaic panels for local communities.
About CarbonCo LLC
CarbonCo, LLC ("CarbonCo"), the wholly-owned subsidiary of Carbonfund.org Foundation, is a limited liability company based in Bethesda, Maryland, which develops large-scale, carbon reduction projects by working with landowners, communities and national and local stakeholders to ensure large tracts of tropical forests are protected from deforestation, attain international certification, and create value for all project proponents.
To learn more, visit: www.CarbonCoLLC.com.
About Moura & Rosa:
Moura e Rosa Empreendimentos Imobiliários LTDA ("Moura & Rosa") is the private landowners' organization founded by Normando Rodrigues Sales and Wanderley Cesário Rosa in February 2009 to align the twin goals of preserving tropical rainforests and benefiting local communities.
About Carbon Securities:
Freitas International Group, LLC does business as Carbon Securities and works with CarbonCo LLC to identify and develop high quality carbon reduction projects in the Amazon Basin. Main offices are located in Miami, Florida and associates in the Brazilian cities of Goiânia, Brasília, Rio Branco, Belém, and São Paulo.